Strategic Approaches for Mitigating Supply Chain Risks

ManMohan S. Sodhi and Christopher S. Tang
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ManMohan S. Sodhi: City University
Christopher S. Tang: University of California, Los Angeles

Chapter Chapter 7 in Managing Supply Chain Risk, 2012, pp 95-108 from Springer

Abstract: Abstract While many companies recognize serious supply chain risks, they also acknowledge that their actions for managing these risks are not commensurable in part because they find it difficult to justify costly strategies for mitigating potential supply chain disruptions that have occurred rarely in the past and may not occur again in the foreseeable future. Hence, to encourage a firm to adopt supply chain risk mitigation, the supply chain strategies need to be “robust” in the following sense: These strategies should help to efficiently manage the “normal” risks or fluctuations inherent in matching supply and demand and should also help the supply chain become more resilient in the face of “abnormal” risks, i.e., disruptions. This chapter presents various robust supply chain mitigation strategies that many firms have adopted in managing their supply chain risks.

Keywords: Supply Chain; Order Quantity; Dynamic Price; Revenue Management; Supply Contract (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1007/978-1-4614-3238-8_7

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